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27/02/2017
The cost of private healthcare around the world is expected to increase by an average of 9.7% in 2017, still outpacing the rise in inflation, but down slightly from the 9.9% recorded for 2016. Medical costs are predicted to increase by 6.1% in the UK, according to the data from Mercer Marsh Benefits.
Graham Pearce, Mercer’s global consulting group leader said:
‘With medical inflation again outpacing price inflation by a factor of nearly three, companies need to redouble their efforts to manage their spiralling healthcare plan costs. The quality of claims reporting and loss prevention measures available varies significantly between the global insurance networks; both these factors are becoming key drivers in the choice of insurance providers at the local and global level.’